Hey Traders! 👋
For Day 27/100 of our challenge, we will look at GBPJPY for upside potential this week/month
Technicals:
- Overall uptrend
- Breaking into a new high
- Currently in impulse phase
- Expecting pullback towards 174.0/5
- Targeting daily key level 176
- Idea invalid if 172.6 breaks
Other technicals:
- Seasonality forecasts more upside this month
- Retail traders at 90% short (trade against)
That's it for today! Let's start the week off well by ticking off all your trading routine tasks. I believe in you 🥂